PRAX Stock - Praxis Precision Medicines, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $8.55M | $2.45M | N/A | N/A | N/A |
| Gross Profit | $-143,860,000 | $-84,319,000 | $-154,440,000 | N/A | N/A |
| Gross Margin | -1682.0% | -3445.8% | N/A | N/A | N/A |
| Operating Income | $-200,165,000 | $-126,373,000 | $-214,986,000 | $-167,332,000 | $-61,968,000 |
| Net Income | $-182,819,000 | $-123,277,000 | $-214,029,000 | $-167,061,000 | $-61,820,000 |
| Net Margin | -2137.5% | -5037.9% | N/A | N/A | N/A |
| EPS | $-10.21 | $-18.69 | $-69.33 | $-58.96 | $-103.61 |
Praxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, develops therapies for central nervous system disorders characterized by neuronal imbalance. Its lead product candidates include PRAX-114, an extrasynaptic-preferring GABAA receptor positive allosteric modulator that is in Phase IIa clinical trial for the treatment of major depressive disorder and perimenopausal depression; and PRAX-944, a selective small molecule inhibitor of T-type calcium channels, which is in Phase IIa clinical trial for the treatment of essential tremor. The company is also developing PRAX-562, a persistent sodium current blocker that is in Phase I clinical trial to treat severe pediatric epilepsy and adult cephalgia; PRAX-222, an antisense oligonucleotide (ASO) for patients with gain-of-function (GOF) SCN2A epilepsy; and KCNT1 program for the treatment of KCNT1 GOF epilepsy. It has a cooperation and license agreement with RogCon Inc.; a license agreement with Purdue Neuroscience Company; a research collaboration, option, and license agreement with Ionis Pharmaceuticals, Inc.; and collaboration with The Florey Institute to develop three novel ASOs. The company was incorporated in 2015 and is based in Boston, Massachusetts.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 15th 2025 | Oppenheimer | Reiterated | Outperform | $750← $250 |
| November 19th 2025 | BTIG Research | Initiation | Buy | $424 |
| June 2nd 2025 | Oppenheimer | Resumed | Outperform | $97 |
| May 7th 2025 | Chardan Capital Markets | Initiation | Buy | $80 |
| March 3rd 2025 | H.C. Wainwright | Reiterated | Buy | $105← $120 |
| February 11th 2025 | Deutsche Bank | Initiation | Buy | $111 |
| August 5th 2024 | Oppenheimer | Initiation | Outperform | $134 |
| June 24th 2024 | Needham | Initiation | Buy | $145 |
| June 18th 2024 | Guggenheim | Initiation | Buy | $155 |
| May 1st 2024 | Robert W. Baird | Initiation | Outperform | $117 |
| September 19th 2023 | Truist | Initiation | Buy | $10 |
| June 6th 2022 | Wedbush | Downgrade | Neutral | $4 |
Earnings History & Surprises
PRAXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 30, 2026 | — | — | — | — |
Q1 2026 | Feb 27, 2026 | $-3.00 | — | — | — |
Q4 2025 | Nov 5, 2025 | $-3.45 | $-3.36 | +2.6% | ✓ BEAT |
Q3 2025 | Aug 4, 2025 | $-3.40 | $-3.31 | +2.6% | ✓ BEAT |
Q2 2025 | May 2, 2025 | $-3.20 | $-3.29 | -2.8% | ✗ MISS |
Q1 2025 | Feb 28, 2025 | $-2.76 | $-2.94 | -6.5% | ✗ MISS |
Q4 2024 | Nov 6, 2024 | $-2.01 | $-2.75 | -36.8% | ✗ MISS |
Q3 2024 | Aug 13, 2024 | $-2.38 | $-1.74 | +26.9% | ✓ BEAT |
Q2 2024 | May 13, 2024 | $-2.01 | $-2.84 | -41.3% | ✗ MISS |
Q1 2024 | Mar 5, 2024 | $-3.15 | $-2.97 | +5.7% | ✓ BEAT |
Q4 2023 | Nov 7, 2023 | $-5.25 | $-2.70 | +48.6% | ✓ BEAT |
Q3 2023 | Aug 9, 2023 | $-9.90 | $-7.35 | +25.8% | ✓ BEAT |
Q2 2023 | May 11, 2023 | $-11.24 | $-10.64 | +5.3% | ✓ BEAT |
Q1 2023 | Feb 7, 2023 | $-10.94 | $-13.04 | -19.2% | ✗ MISS |
Q4 2022 | Nov 9, 2022 | $-13.79 | $-14.39 | -4.4% | ✗ MISS |
Q3 2022 | Aug 8, 2022 | $-19.49 | $-19.79 | -1.5% | ✗ MISS |
Q2 2022 | May 9, 2022 | $-19.34 | $-22.64 | -17.1% | ✗ MISS |
Q1 2022 | Feb 28, 2022 | $-16.19 | $-19.49 | -20.4% | ✗ MISS |
Q4 2021 | Nov 3, 2021 | $-13.94 | $-14.99 | -7.5% | ✗ MISS |
Q3 2021 | Aug 16, 2021 | $-10.19 | $-13.19 | -29.4% | ✗ MISS |
Latest News
Oppenheimer Maintains Outperform on Praxis Precision Medicine, Raises Price Target to $750
📈 PositivePraxis Precision Medicines Completes Planned Discussion With FDA Leading To Confirmation To File NDA For Relutrigine In Early 2026
📈 PositivePraxis Precision Medicines Announces Alignment With FDA On Simplified And Accelerated Registrational Pathway For Elsunersen
📈 PositiveGuggenheim Maintains Buy on Praxis Precision Medicine, Raises Price Target to $760
📈 PositivePraxis Precision Medicines Reports FDA Alignment On Ulixacaltamide NDA; Reports EMBOLD Results For Relutrigine With 53% Seizure Reduction, And Vormatrigine RADIANT Study Shows Up To 100% Weekly Seizure Reduction In Focal Onset Seizures; Monotherapy Study, POWER3, Is On Track To Begin In First Half Of 2026
📈 PositivePraxis Precision Medicine shares are trading higher after multiple analyst firms raised their respective price targets on the stock.
📈 PositiveTD Cowen Maintains Buy on Praxis Precision Medicine, Raises Price Target to $353
📈 PositiveTruist Securities Maintains Buy on Praxis Precision Medicine, Raises Price Target to $500
📈 PositiveNeedham Maintains Buy on Praxis Precision Medicine, Raises Price Target to $315
📈 PositiveHC Wainwright & Co. Reiterates Buy on Praxis Precision Medicine, Maintains $340 Price Target
📈 PositiveBTIG Maintains Buy on Praxis Precision Medicine, Raises Price Target to $507
📈 PositivePraxis Precision Medicines shares are trading higher after the company announced the completion of its pre-NDA meeting with the FDA and it gained alignment from the agency. The company announced results from the registrational cohort of the EMBOLD study evaluating relutrigine for the treatment of patients with SCN2A and SCN8A developmental and epileptic encephalopathies.
📈 PositiveWedbush Maintains Underperform on Praxis Precision Medicine, Raises Price Target to $83
➖ NeutralHC Wainwright & Co. Maintains Buy on Praxis Precision Medicine, Raises Price Target to $340
📈 PositiveNeedham Maintains Buy on Praxis Precision Medicine, Raises Price Target to $304
📈 PositiveMarket-Moving News for December 5th
➖ NeutralPraxis Precision Medicines shares are trading higher after the company announced the completion of its pre-NDA meeting with the FDA and it gained alignment from the agency. The company announced results from the registrational cohort of the EMBOLD study evaluating relutrigine for the treatment of patients with SCN2A and SCN8A developmental and epileptic encephalopathies.
📈 PositivePraxis Precision Medicines Reports EMBOLD Trial Stopped Early For Efficacy In SCN2A/SCN8A Developmental And Epileptic Encephalopathies, Plans FDA Meeting And Dec. 6 Topline Data Presentation
📈 PositivePraxis Precision Medicines Secures FDA Alignment In Pre-NDA Meeting, Plans NDA Submission In Early 2026
📈 PositiveNeedham Reiterates Buy on Praxis Precision Medicine, Maintains $250 Price Target
📈 PositiveFrequently Asked Questions about PRAX
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